Crude Oil Demand Expected to Be Strong; Copper Prices Continued to Rise Overnight [SMM Morning Comment on Copper]

Publicado: Jan 10, 2025 08:44
【Crude Oil Demand Expected to Be Strong, Copper Prices Continued to Rise Overnight】
Macro side, colder weather in parts of the US and Europe has boosted winter fuel demand, leading to expectations of strong global crude oil demand, with copper prices also following an upward trend. Additionally, several US Fed officials confirmed on Thursday that the Fed might keep interest rates at current levels for an extended period, with further interest rate cuts only likely if inflation cools significantly. Focus today is on the non-farm payrolls data, as the December report will provide a clearer picture of the current dynamics in the US labour market.....

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